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Tuesday, July 07, 2009

Official: DXB, AUD Getting More Expensive

A survey out today shows that Tokyo is now the world's most expensive city for an expat to live (it was number 2 last year). London has dropped from last year's 3rd to this year's 16th.

Of particular interest to me (this year's rank first, last year's in brackets):
20 (52) Dubai
26 (65) Abu Dhabi
37 (28) Madrid
38 (31) Barcelona

Full story here.

4 Comments:

Blogger Macthomson said...

We got out justz in time!

7:44 pm  
Blogger Dave said...

Dubai is certainly not an attractive pace for expats anymore and this survey reaffirms what the expat population here has been experiencing for the last year or two.

But, the survey was conducted in March 09 and since then rental rates have continued to fall by as much as 50-70% in some areas.

Many retailers are struggling and for the first time I am seeing restaurants in major malls closing down due to poor sales figures.

The roads are definately much quieter than at the same time last year (despite what the misguided authorities here say) and overall the quality of life, for those of us that remain, is actually improving.

As much as this place can frustrate anyone with a first-world brain I believe it will actually slip back in the 2010 ratings... maybe to about position 40-something and will be overtaken by Abu Dhabi if the current trend continues. But but we will see.

8:40 am  
Blogger nzm said...

Teehee - we came to the right place, then!

6:39 pm  
Blogger Ilya said...

I believe, ratings like this very much depend on the ability of the local people to speak English.

I think living in a city where English is not well spoken, makes it much more difficult for an expat to live in and, therefore, makes it more expensive.

Just an example.

I lived in Moscow for 2,5 years. Rent, food, almost everything is cheaper than in Dubai (living in now) and Singapore (moving to shortly) for the same quality.

Yet Moscow is the number 3 most expensive city and it used to be the most expensive last year.

There are so called expat places where food costs 5 times more expensive than in an Auchan or Carrefour store. The same for dining - you can go to a cafe opposite The Kremlin or you can just walk 500 meters away to get the same stuff much much cheaper.

The difference is that in Auchan or the cafe around the corner you will have to either speak a little Russian or explain yourself with the body language while in the gourmet shop or the fancy restaurant you will be served by someone who speaks English very well.

7:48 pm  

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